Is Weather Modification Good For The Economy?

After the long 12 year period without major natural disasters in southern United States, Hurricane Harvey brought a catastrophic hit to the country. Soon after Harvey, a Category 5 storm Hurricane Irma with sustained winds of 175 miles per hour, started to move through the Caribbean, destroying the whole island of St. Martin, going towards Florida. Two large-scale hurricanes and a strong earthquake in Mexico are the signs that the evacuation of Florida is not a game, but a really serious situation.

This unpleasant event development made many people ask questions such as “Are US climate engineering programs the reason for this catastrophic blow?”, “Is Harvey disaster made by the US government?” Many researchers say that the answer to this question is “Yes!” The next question is how much damage could the approaching hurricane Irma cause to the south of the country. Some researchers say that the US government has been working on hurricane modification programs for almost 70 years, and they all rely on historical documents that prove it.

On the other hand, power structure circles and corporate media deny those programs, which is not a surprise, as we learned through history. This situation brings the whole set of new questions such as “How much catastrophic damage have global engineering and weather warfare programs already cause in the world so far?”, “What is the next target, the general agenda?”, and “How much worse can these natural disasters could become in the future?”

Early Hurricane Modification Programs

The first known weather modification program was Project Cirrus in 1947. It was controlled by army and navy, seeding a hurricane of Georgia/Florida coast using a b-17 bomber. It was moving east with huge speed, but it suddenly changed course and came back to Georgia coast. One of the oldest programs that are still active is Project Stormfury, showing that the fully documented weather modification warfare was going on during the Vietnam War, with Project Popeye, causing the catastrophic and continuous flooding over the Ho Chi Minh trail. The trail was a logistical system that ran from Democratic Republic of Vietnam (North) to the Republic of Vietnam (South).

Modern Hurricane Modification Programs

Later, there were some significant cyclone studies that showed when tropical cyclones are saturated with aerosols, the intensity is reduced; the flow of energy from warming oceans is also reduced and the winds weaken. In order to disperse the atmospheric aerosols, government used military jets, but also putting aerosol spraying nozzles on mini commercial airplanes. Nowadays, aerosol dispersions over the oceans are constant, while the vast majority of population doesn’t know that the ongoing global climate engineering Manhattan Project is endangering the climate and life support system of the planet, spraying aerosols in both Pacific and Atlantic. There are even some NASA images that undoubtedly prove the existence of these events, especially in the Gulf of Mexico.

Can The Weather Modification Be Stopped?

Many experts believe that the climate engineering and weather warfare is the greatest imperative of the world today. Their advice is to gather and research all the weather modification-related material, reaching the critical mass. They say it would be the best to share all this information and credible data with organizations, agencies, friends, and elected officials. The goal is to explain that the opposing to climate engineering is a fight for both our lives and our planet’s life.

Weather Modification’s Impact On The Economy

Apart from devastating consequences of the recent hurricanes, there is a number of people who believe that these events are actually good for the economy. How and Why? Well, after the events in Texas and Florida, a lot of land and infrastructure are destroyed. The next logical step is to rebuild it all and that’s exactly where the economy and business can climb to the next level. Hurricane Harvey caused a $160 billion loss to the United States so far. Even though this disaster will impact gasoline prices and other goods, many believe that this period can be good for the job market, businesses, and the US economy in general.

Many economists say that those southern regions of the United States are going towards the quick recovery and could even experience a bump in growth from rebuilding. The Texas area has a large and growing population, but also attracts continuous investment in oil-related industry, which is an important part of the global trade. In general, when natural disasters show up in the economic data, it usually means a small growth bump which often happens few months after the storm, when rebuilding is at full speed.

So, Hurricane Harvey can end up being beneficial for the US economy in the form of construction spending, industrial production, and retail sales above the pre-disaster trend-lines over the next few quarters. Initial analysis of this disaster strike shows that the Harvey storm may end up being a good thing from a purely economic point of view. Experts say that the companies in the housing and construction sector could see the significant boost in the coming months.

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We've been closely watching the Crypto Currency Market if you can call it that, with all the fake data, fraud, and related problems.  One thing stands out - it's not so different than FX, commodities, futures, or stocks.  Market dyn...

Bitcoin and other cryptocurrencies flash-crashed Saturday night, one day after the US Commodity Future Trading Commission (CFTC) sent subpoenas four cryptocurrency exchanges in an ongoing probe into bitcoin manipulation that began in late July - following the launch of bitcoin futures on the CME, according to the Wall Street Journal
CME’s bitcoin futures derive their final value from prices at four bitcoin exchangesBitstamp, Coinbase, itBit and KrakenManipulative trading in those markets could skew the price of bitcoin futures that the government directly regulates.
In delay reaction, Bitcoin fell as much as $433 or 5.6% in Saturday night trading, with some noting that the flash crash happened shortly after a 90th ranked crypto exchange, Coinrail, had suffered a "cyber intrusion", and was likely the more relevant catalyst for the crypto price drop.
While major Cryptocurrencies were down from 4.5 - 5.5%, Bitcoin Cash dropped over 8.4%. 
The CTFC subpoenas were issued after several of the exchanges refused to voluntarily share trading data with the CME after being asked last December. Of note, the CFTC regulates the CTC. 
According to the WSJ, the CME, which launched bitcoin futures in December, asked the four exchanges to share reams of trading data after its first contract settled in January, people familiar with the matter said. But several of the exchanges declined to comply, arguing the request was intrusive. The exchanges ultimately provided some data, but only after CME limited its request to a few hours of activity, instead of a full day, and restricted to a few market participants, the people added.
What is curious, is that if there was indeed manipulation since the launch of bitcoin futures, it was to the downside, as the price of cryptos peaked around the time the crypto futures were launched, and are down well over 50% in the 6 months since.
Coinbase in particular has been under the watch government regulators. On February 23, Coinbase sent an official notice to around 13,000 customers to notify them they were legally required to turn over their information to the IRS
The IRS had initially asked Coinbase in July 2017 to hand over even more detailed information on every one of its then over 500,000 users in an attempt catch those cheating on their taxes. However, another court order in Nov. 2017 reduced this number to around 14,000 “high-transacting” users, which the platform now reports as 13,000, in what Coinbase calls a “partial, but still significant, victory for Coinbase and its customers.”
Coinbase told the around 13,000 affected customers that the company would be providing their taxpayer ID, name, birth date, address, and historical transaction records from 2013-2015 to the IRS within 21 days. Coinbase’s letter to these customers encourages them “to seek legal advice from an attorney promptly” if they have any questions. Their website also states that concerns may also be addressed on Coinbase’s Taxes FAQ. The ongoing legal battle between Coinbase and the US government dates back to November, 2016, when the IRS filed a “John Doe summons” in the United States District Court for the Northern District of California.
On Feb. 13, personal finance service Credit Karma released data showing that only 0.04 percent of their customers had reported cryptocurrencies on their federal tax returns. 
And in April, former New York Attorney General, Eric "we could rarely have sex without him beating me" Schneiderman, launched a probe of 13 major cryptocurrency exchanges according to the Wall Street Journal - claiming that investors dealing in the fast-growing markets often don’t have the basic facts needed to protect themselves.
Former AG Schneiderman’s office said the program, called Virtual Markets Integrity Initiative,  is part of its responsibility to protect consumers and ensure the integrity of financial markets, and its goal is to ensure that investors can have a better understanding of the risks and protections afforded them on these sites.
CFTC Commissioner: Crypto is a "modern miracle"
While the CFTC, IRS and New York Attorney General's office are all cracking down on cryptocurrency exchanges, it seems to all be part of the government's embrace of virtual currencies.  Last week CFTC Commissioner Rostin Benham called cryptocurrencies a "modern miracleat the Blockchain For Impact Summit held at the UN in New York last week. 
But virtual currencies may – will – become part of the economic practices of any country, anywhere.  Let me repeat that:  these currencies are not going away and they will proliferate to every economy and every part of the planet.  Some places, small economies, may become dependent on virtual assets for survival.  And, these currencies will be outside traditional monetary intermediaries, like government, banks, investors, ministries, or international organizations.
We are witnessing a technological revolution.  Perhaps we are witnessing a modern miracle. -Rostin Benham
Rostin hinted at the upcoming legal action against the exchanges during his speech:
Under the CEA and Commission regulations and related guidance, exchanges have the responsibility to ensure that their Bitcoin futures products and their cash-settlement process are not readily susceptible to manipulation and the entity has sufficient capital to protect itself.  The CFTC has the authority to ensure compliance. In addition, the CFTC has legal authority over virtual currency derivatives in support of anti-fraud and manipulation including enforcement authority in the underlying markets.

Meanwhile, the official Bitcoin website removed references to Coinbase, Blockchain.com and Bitpay, according to Crypto News - only one of which, Coinbase, was subpoenaed. 
http://Bitcoin.org  just removed/censored the 2 largest US Bitcoin companies (@BitPay Payment processing and @coinbase Bitcoin Exchange). It’s a good move: Bitcoin Core is obviously no longer Bitcoin, and should ideally be removed from both @BitPay and @coinbase too.

The CFTC officially recognized bitcoin as a commodity in September of 2015 when it went after Coinflip for operating a platform for trading bitcoin options without the proper authorization. Since the agency effectively asserted its dominance over the bitcoin market with that decision, this is the first time it has given its blessing to an bitcoin options trading platform. Expect a burst of institutional trading activity to follow - especially since they approved institutional options trading in July
This post sponsored by Total Cryptos @ www.totalcryptos.com  

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